World-News

Obama Wants Record $708B for Wars Next Year

By ANNE GEARAN and ANNE FLAHERTY

President Barack Obama will ask Congress for an additional $33 billion to fight unpopular wars in Afghanistan and Iraq on top of a record $708 billion for the Defense Department next year. - The extra $33 billion in 2010 would mostly go toward the expansion of the war in Afghanistan.

http://www.informationclearinghouse.info/article24396.htm



Millions More US Children in Poverty

By Tom Eley

In 2008, one in five US children under age 18 lived in families below the official poverty level, according to Census Bureau data released in September 2009. The figure now is significantly higher, according to Brookings researcher Julia B. Isaacs.

http://www.informationclearinghouse.info/article24397.htm



U.S. Companies Join Race on Iraqi Oil Bonanza

A wave of American companies have been arriving in Iraq in recent months to pursue what is expected to be a multibillion-dollar bonanza of projects to revive the country's stagnant petroleum industry.

http://snipurl.com/u32uo



Iraq, Afghan wars' cost tops $1trillion

Obama is expected to request another $33 billion to fund more troops this year. This year is the first in which more funds are being spent in Afghanistan than Iraq.

http://www.thenews.com.pk/daily_detail.asp?id=219048


From Information Clearing House

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Is Obama a Republican?

Reason
by Steve Chapman

01/14/10

When it comes to defense, history suggests that the two major parties offer a choice on the order of McDonald’s and Burger King. Anyone looking back 50 years from now at objective indicators would have trouble identifying a meaningful difference between the current president and the last one. For that matter, it’s easy to assume that when President Obama began addressing national security policy, he accidentally picked up John McCain’s platform instead of his own. Critics suspect Obama is a closet Muslim. But maybe his real secret is that he’s a closet Republican...

http://reason.com/archives/2010/01/14/is-obama-a-republican


Informant: Thomas L. Knapp



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